Skip to comments.Geithner: Can't let deficit fears stop investments
Posted on 04/04/2012 8:10:34 AM PDT by Oldeconomybuyer
Americans can't let fear of deficits stop necessary government spending, U.S. Treasury Secretary Timothy Geithner said on Wednesday as he laid out the administration's economic agenda ahead of November's presidential election campaign.
He said the U.S. economy still was in the process of deleveraging, or paying down excessive debts from the 2007-2009 financial crisis, but it was growing moderately and needs a boost that only government can provide.
"We have to be willing to do things, not just cut things," he said.
Geithner said big U.S. budget deficits were not sustainable indefinitely but suggested they shouldn't be made the primary challenge over all others and said they can be dealt with over time through a mix of spending cuts and revenue increases.
(Excerpt) Read more at reuters.com ...
Chicago Machine Speak: “Geithner: Can’t let deficit fears stop investments”
English translation: “Geithner: Can’t let deficit fears stop democrat party looting of billions in stolen money into the pockets of us mega-crooks.”
Timmy boy, just shut the heck up, and do your taxes...
The FAIRTAX is a far better solution.
It would have kept poor little Timmy here out of trouble and...
What? Say again?? Oh, you say that because he was well connected, HE didn't GET into trouble?
I guess that would all depend on ones definition of "necessary, wouldn't it?
Republican Candidates could improve their Primary vote count by campaigning with the following idea:
Due to the FHA, Fannie and Freddie Bankruptcies of September, 2008, American home owners lost 30 % of the value of their homes. That is a 30 % cut in just one month. Home values are still down 30 %.
Thus, let us cut the total compensation to all elected Federal politicians, and their staffs by 30 %, and an additional 10 % cut to elected Federal politicians each year until Federal Spending is LESS THAN the average of the previous 2 years of Federal income.
BTW, since slightly less than half of the US House, and 2/3 of the US Senate are Millionaires, it will be a great opportunity for Congress to lead by example that EVERYONE should give up their fair share of the American Dream.
What better way can there be to demonstrate that Federal politicians are on the same page as the voters?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.